![]() ![]() So far this year, a record US$12.5 billion by Chinese firms has been raised from 34 US listings, Refinitiv data shows, well up from the US$1.9 billion from 14 deals in the same period a year ago.Įight Chinese companies including home service platform Daojia Ltd and Atour Lifestyle Holdings have made public filings with the Securities and Exchange Commission (SEC) to list in the US later this year, a review of the filings showed. Thursday, Ximalaya, one of China's most prominent audio streaming platforms backed by Tencent, said it will drop its IPO plan in the United States filed in April. Ximalaya ( XIMA) has filed to raise 100 million in an IPO of its American Depositary Shares representing. US capital markets have been a lucrative source of funding for Chinese firms in the past decade, especially for technology companies looking to benchmark their valuations against listed peers there and tap an abundant liquidity pool. LinkDoc Technology is now planning to lead a 200 to 300 million financing round before its upcoming IPO in Hong Kong, according to Bloomberg. Sources didi keep ximalaya linkdoc us registration. Morgan Stanley and Bank of America declined to comment, while CICC did not respond to a Reuters request for comment. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal. Ximalaya is a service website that enables users to share audio and personal radio stations. ![]() LinkDoc did not immediately respond to a request for comment. The sources declined to be identified as the information has not yet been made public. The book closed one day earlier than planned on Wednesday, one of the three sources and a separate person said. In 2020, Ximalaya had 5.2 million active content creators.It had planned to sell 10.8 million shares between US$17.50 and US$19.50 each. Its online audio services have covered rich content enjoyed by users at different ages, and accumulated 280 million pieces of audio content spanning 100 categories. ![]() SEE ALSO: Faced with Possible Effects of Didi App Removal, Chinese Companies Keep, Ximalaya and LinkDoc Cancel IPO Plans in USĪccording to its official website, Shanghai Ximalaya Technology Co., Ltd., established in 2012, is a leading online audio sharing platform in China. In terms of user data, as of the first quarter of 2021, there were 250 million monthly active users of Ximalaya products, including 104 million monthly active users of the Ximalaya app and 146 million monthly active users of IoT products and other third-party open platforms. In the first quarter of 2021, the company’s operating income was 1.16 billion yuan, a year-on-year increase of over 65%. Sources didi ximalaya linkdoc us ipotimes professional It offers users a platform to access free or paid content from roughly 5.2 million professional or amateur content creators. have shelved or delayed their US IPO plans, including healthcare firm LinkDoc. Sources: after the Didi crackdown, China-based fitness app Keep, podcasting platform Ximalaya, medical data analytics startup LinkDoc pause their US IPO plans SoftBank and Tencent-backed Keeps move comes as China cracks down on ride-hailing group Chinas most popular fitness app pulled More: South China Morning Post. The prospectus shows that in 2020, Ximalaya’s operating income was 4.05 billion yuan ($628 million), a year-on-year increase of more than 50%. A 20-year dispute between US and Chinese regulators regarding the auditing. On May 1 this year, Ximalaya publicly submitted an IPO application to the SEC. Meanwhile, Chinese media outlet Sina Tech has reported that Ximalaya previously registered Xima Holdings Limited in Hong Kong on August 23. ![]() After communication with the relevant regulators, Ximalaya understands that. ollowing reports from earlier this week claiming TikTok-owner ByteDance had decided to abandon plans to list in the US in favor of listing in Hong Kong, two. In terms of IPO proceeds raised, the biggest three listings of Chinese companies were Didi Chuxing listing in New Yrk (4.4 billion in 2021), Lufax’s listing in New York (2. These 86 Chinese companies have raised total proceeds of 31.6 billion in these US listings. on Friday, after applying for a listing in the country in April earlier this year. DIDI KEEP LINKDOC US IPOTIMES UPDATEompetition will target bank mergers by. Since the beginning of 2018, 86 Chinese companies listed on the US exchanges. According to documents produced by the United States Securities and Exchange Commission (SEC), Chinese streaming platform Ximalaya requested to withdraw its initial public offering (IPO) plan in the U.S. LinkDoc IPO: LinkDoc, a data-driven AI-enabled healthcare technology company that has high-quality medical data assets, is seeking to raise up to 100 million from an initial public offering in. ![]()
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